Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.
Jun - 2026 -
04 June
Todd Maiden

Knight-Swift founder, executive chairman Kevin Knight retires

Knight-Swift Transportation announced the retirement of co-founder and executive chairman Kevin Knight.

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03 June
Todd Maiden

Descartes reports record revenue amid ‘challenging’ trade landscape

Descartes reported better-than-expected results in its latest quarter as customers use its tools to navigate a changing trade landscape.

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Todd Maiden

XPO’s Q2 tonnage trending ahead of guidance

Less-than-truckload carrier XPO seems set to exceed its second-quarter tonnage projection based on the company’s May update.

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Todd Maiden

Apollo affiliate raises $1.4B for logistics real estate fund

Bridge Investment Group announced it raised nearly $1.4 billion for a fund that will acquire logistics properties.

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Todd Maiden

Old Dominion’s May update shows an improving LTL market

Old Dominion Freight Line’s May operating results saw a meaningful improvement from April, as less-than-truckload demand appears to be firming.

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02 June
Todd Maiden

PE firm Open Road Ventures acquires intermodal 3PL Double-Stack

Open Road Ventures announced it has acquired intermodal freight broker Double-Stack Logistics.

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Todd Maiden

Saia’s tonnage growth accelerates in May on easier comp

Saia is poised for significant tonnage increases as its prior-year comparisons ease and demand appears to be firming.

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Todd Maiden

Transportation pricing index logs record growth rate in May

Transportation prices surged throughout May, according to a monthly poll of supply chain executives, as available capacity remained on the decline.

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01 June
Todd Maiden

FedEx Freight embarks on journey as standalone LTL carrier

The nation’s largest less-than-truckload carrier, FedEx Freight, began trading as a standalone company on Monday.

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May - 2026 -
28 May
Todd Maiden

Hub Group CFO, COO depart following accounting error

Hub Group announced that its chief financial officer and chief operating officer have departed as it works to restate financial results following an accounting error.

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Todd Maiden

Americold adds to belt-tightening initiatives

Temperature-controlled warehouse operator Americold announced a new expense-reduction initiative.

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Todd Maiden

Could Yellow Corp. workers finally get paid?

After nearly three years of waiting, former Yellow Corp. employees could finally receive payment for unused vacation and accrued sick leave.

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27 May
Todd Maiden

ArcBest launches shipment execution platform

ArcBest announced the launch of ArcBest View, a digital platform allowing logistics customers to manage all shipments and shipment functions through a single interface.

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26 May
Todd Maiden

Prologis anchors $200M maritime innovation fund

Prologis Ventures will co-anchor a $200 million venture fund dedicated to maritime and logistics innovation investments.

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22 May
Todd Maiden

Saia opens terminals in Pacific Northwest, Midwest

Less-than-truckload carrier Saia adds to its national footprint, opening new service centers in Washington and Indiana.

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21 May
Todd Maiden

Broker liability ruling: Carriers, brokers, analysts weigh in

Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability.

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20 May
Todd Maiden

RXO sees TL spot market surge further in Q2

Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.

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19 May
Todd Maiden

Bankruptcy court approves STG Logistics reorganization plan

A federal bankruptcy court in New Jersey has approved STG Logistics’ reorganization plan.

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14 May
Todd Maiden

TL linehaul rates surge in April, Cass says

Supply constraints are pushing truckload rates to cycle highs, according to data from Cass Information Systems.

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Todd Maiden

J.B. Hunt sees TL rates climbing 20% over next 2 years

Executives at J.B. Hunt Transport Services said at an investor conference this week that truckload rates are likely to increase 20% over the next two years as carriers restore margins.

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13 May
Todd Maiden

FedEx board approves spinoff of LTL unit

The board at FedEx has formally greenlit the spinoff of its freight division.

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12 May
Todd Maiden

Hub Group’s accounting error causes further reporting delays

Hub Group said Tuesday that the scope of a previously identified accounting error has necessitated the restatement of financial results for additional periods.

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11 May
Todd Maiden

Radiant Logistics beats FQ3 expectations

Third-party logistics provider Radiant Logistics beat quarterly expectations on Monday.

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08 May
Todd Maiden

Forward Air flags customer loss, stock plummets

Forward Air’s stock was off more than 40% on Friday after it said it may lose a large customer and that a take-private bid for its entire enterprise had failed to materialize.

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07 May
Todd Maiden

Shippeo acquires AI-powered workflow platform

Shippeo announced that it has acquired German supply chain automation company Logward for an undisclosed sum.

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06 May
Todd Maiden

Lineage says cold storage market working through oversupply

Temperature-controlled facility operator Lineage said the market is stabilizing as customer food inventories return to normal levels.

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05 May
Todd Maiden

Freight capacity plummets, prices skyrocket in April

Extreme supply and pricing dynamics persisted across the freight market in April, according to a monthly survey of supply chain managers.

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04 May
Todd Maiden

Losses continue at TL carrier Pamt Corp.

Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.

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01 May
Todd Maiden

Schneider targeting significant rate recovery in bid season

Schneider National said price renewals are currently at the highest levels since 2021 and that it expects to capture mid- to high-single-digit increases on one-way contracts this year.

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Apr - 2026 -
30 April
Todd Maiden

First look: Schneider National Q1 results

Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.

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Todd Maiden

XPO could soon see sub-80% ORs

Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.

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Todd Maiden

Saia eyes margin turnaround amid improving demand

Less-than-truckload carrier Saia’s margins appear to be turning the corner following a multiyear expansion.

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Todd Maiden

First look: XPO cruises past Q1 expectations

XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.

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29 April
Todd Maiden

Old Dominion eyeing y/y margin improvement in Q2

Old Dominion Freight Line said the less-than-truckload demand picture is improving.

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Todd Maiden

First look: Old Dominion posts Q1 beat

Old Dominion Freight Line exceeded first-quarter estimates, noting freight demand improved as the quarter progressed.

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28 April
Todd Maiden

Landstar says April yields ‘significantly’ outpacing seasonality

Broker Landstar System said Tuesday that the truckload market is in the early stages of an upcycle, noting revenue per load is trending well ahead of normal seasonal patterns.

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Todd Maiden

ArcBest seeing positive trends amid market inflection

ArcBest is seeing some positive signs as carriers gain the upper hand in negotiations.

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Todd Maiden

First look: ArcBest Q1 results

ArcBest beat first-quarter expectations Tuesday before the market opened.

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27 April
Todd Maiden

STG Logistics nears bankruptcy exit

Intermodal marketing company STG Logistics said Monday it plans to soon exit bankruptcy.

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24 April
Todd Maiden

Descartes acquires fleet safety platform Idelic for $28M

Descartes Systems Group acquired driver performance management platform Idelic for $28 million.

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23 April
Todd Maiden

Losses narrow at Heartland Express as market shifts

Truckload carrier Heartland Express sees improving market fundamentals as a financial tailwind in the back half of this year.

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Todd Maiden

Knight-Swift says shippers already seeking peak-season capacity

Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.

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22 April
Todd Maiden

Werner doubling intermodal fleet in Mexico

Werner Enterprises announced it is deploying more intermodal assets into Mexico.

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Todd Maiden

DQS nets contract logistics provider in latest acquisition

DQS Solutions & Staffing announced it has acquired Comprehensive Logistics, Inc., further expanding its transportation and logistics platform.

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21 April
Todd Maiden

Fastfrate acquires international freight forwarder

Fastfrate Group announced it has completed its acquisition of international freight forwarder Omnitrans, Inc.

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17 April
Todd Maiden

Prologis ups 2026 outlook as warehouse demand strengthens

Warehouse operator Prologis said customer leasing intentions are undeterred as energy prices rise and interest rates remain elevated.

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16 April
Todd Maiden

Knight-Swift cuts Q1 guide; remains upbeat on TL fundamentals

Knight-Swift Transportation lowered its first-quarter outlook, citing headwinds from several nonrecurring items during the period.

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Todd Maiden

J.B. Hunt says TL inflection ‘structural,’ not temporary

Management at J.B. Hunt Transport Services pointed to mounting evidence that recent tightening across the truckload market will not be a temporary blip.

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Todd Maiden

Prologis reports record logistics lease signings in Q1

Warehouse operator Prologis reported record lease signings in its logistics business during the first quarter.

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15 April
Todd Maiden

First look: J.B. Hunt Q1 earnings

J.B. Hunt Transport Services beat first-quarter expectations, reporting record volumes in its intermodal segment.

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Todd Maiden

TFI subsidiary TA Dedicated acquires Triangle Warehouse

TA Dedicated announced that it has acquired warehousing and distribution provider Triangle Warehouse.

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14 April
Todd Maiden

Yield discipline, fuel price surge driving LTL rates to new highs in Q2

Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.

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Todd Maiden

Cass data shows freight market tightened further in March

Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market.

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13 April
Todd Maiden

PE firm acquires Carrier Logistics, pledges AI overhaul

Private equity firm STG announced it has acquired less-than-truckload TMS provider Carrier Logistics Inc.

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09 April
Todd Maiden

Prologis expands global footprint with European joint venture

Logistics warehouse operator Prologis announces its second major joint venture this year.

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08 April
Todd Maiden

FedEx Freight sets goalposts for standalone business

FedEx Freight outlined financial targets and operational initiatives ahead of a June separation from parent FedEx Corp.

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07 April
Todd Maiden

Freight market sees Covid-era extremes return

The freight market saw capacity and pricing extremes in March unparalleled since the pandemic, according to a monthly query of supply chain executives.

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06 April
Todd Maiden

Truckload carrier earnings: Will Q1 mark the end of struggles?

Fuel price hikes and poor weather overhung the first quarter, but supply-side tailwinds along with improving demand could spell the end of earnings degradation for truckload carriers.

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Mar - 2026 -
26 March
Todd Maiden

Cold storage trough in sight as vacancies hit 20-year high

The cold storage market is looking to shake off excess capacity and declining food inventory trends.

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25 March
Todd Maiden

Echo Global Logistics expands platform with ITS acquisition

Echo Global Logistics announced it has completed its acquisition of ITS Logistics, creating a $5.2 billion, full-service supply chain services platform.

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24 March
Todd Maiden

Hub Group gets Nasdaq notice for financial filing delay

Hub Group said it received a deficiency notice from Nasdaq for failing to timely submit 2025 financial results after discovering an accounting error.

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19 March
Todd Maiden

FedEx Freight’s outlook lowered again

FedEx Freight was again a drag on FedEx Corp.’s consolidated results, which came in ahead of expectations.

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Todd Maiden

Prologis forms $1.6B JV to develop logistics facilities

Logistics REIT Prologis announced Thursday a new $1.6 billion joint venture to develop build-to-suit facilities in the U.S.

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18 March
Todd Maiden

Andy Corp. acquires truck fleet, warehouses in pair of deals

Canadian transportation and logistics provider Andy Corp. announced two acquisitions on Wednesday.

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Todd Maiden

J.B. Hunt says fuel spike not yet driving intermodal conversion

Management from J.B. Hunt Transport Services said shipper attitudes are little changed as truck capacity leaves the market and fuel prices surge.

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16 March
Todd Maiden

Knight-Swift sells FleetAero assets to Transtex

Knight-Swift Transportation has sold its FleetAero assets to Transtex.

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Todd Maiden

Truckload linehaul rate index nears 3-year high in February

Monthly data from Cass Information Systems showed truckload rates continued to climb in February, even as freight volumes remained pressured.

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11 March
Todd Maiden

Descartes reports record quarter; announces acquisition

Supply chain SaaS provider Descartes reported another record financial performance as tariff uncertainty pushes the top line higher.

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Todd Maiden

Full enterprise sale of Forward Air ‘unlikely,’ report says

Shares of Forward Air moved sharply lower on Wednesday after a stock market news site reported a full-company sale is “unlikely.”

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10 March
Todd Maiden

Latest deal bolsters Redwood’s managed transportation offering

Redwood Logistics has acquired Stridas, a managed transportation provider, marking its second acquisition in a week.

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Todd Maiden

Freight broker Fura announces 5th acquisition

Third-party logistics provider Fura announced it has acquired fellow Texas-based broker Barton Logistics.

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09 March
Todd Maiden

ArcBest awaiting LTL demand inflection

ArcBest’s February update displayed stable results for its less-than-truckload segment, while its outlook for asset-light operations improved.

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04 March
Todd Maiden

Old Dominion ‘encouraged’ as declines moderate in February

An update from Old Dominion Freight Line showed volume and revenue declines slowed in February.

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03 March
Todd Maiden

Saia’s tonnage declines moderate in February

Less-than-truckload carrier Saia’s tonnage declines moderated in February, with volumes remaining higher on a two-year-stacked comparison.

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Todd Maiden

LMI: Freight market recovery in ‘full-swing’

February’s Logistics Managers’ Index showed a freight market recovery that is in “full-swing.”

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Todd Maiden

Thoma Bravo to acquire WWEX Group, combine with Auctane

Private equity firm Thoma Bravo agreed to acquire 3PL WWEX Group and merge it with Auctane, a shipping software provider already in its portfolio.

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02 March
Feb - 2026 -
26 February
Todd Maiden

RXO launches Middle Mile Solutions

RXO has launched Middle Mile Solutions, a single-source service connecting the first, middle and last miles of the supply chain.

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Todd Maiden

Cass, Caspian partner to tackle tariff costs

Cass Information Systems entered into a partnership with Caspian to help U.S. importers better navigate trade compliance and customs refunding.

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25 February
Todd Maiden

Ace Doran acquires Indiana heavy-haul carrier

Truckload carrier Ace Doran announced it has acquired NHH Services’ Equipment for an undisclosed sum.

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Todd Maiden

Cold storage market working off oversupply

Cold storage facility operator Lineage sees 2026 as a transition year now that new builds are slowing and inventory drawdowns have passed.

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24 February
Todd Maiden

RXO: TL market seeing ‘biggest structural change’ since deregulation

Freight broker RXO said the truckload market is seeing “the biggest structural change” since deregulation in 1980.

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23 February
Todd Maiden

Forward Air says strategic review nearing conclusion

Forward Air said it is “nearing the conclusion” of a strategic review, which investors called for following the company’s controversial merger with Omni Logistics.

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Todd Maiden

2026: The year TL carriers turn the tide?

Capacity attrition and retooled carrier networks could present a challenging bid season for shippers.

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20 February
Todd Maiden

Averitt announces expansion plans to terminal network

Less-than-truckload carrier Averitt announces expansion plans to its terminal network.

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18 February
Todd Maiden

J.B. Hunt ‘a little bit more positive’

J.B. Hunt Transport Services said on Tuesday that demand has been slightly ahead of expectations to start the year.

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17 February
Todd Maiden

TL rates up again without help from volume

The Cass Freight Index showed truckload rates advanced again in January even as volumes fell.

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16 February
Todd Maiden

Estes Logistics expands with Key Trucking acquisition

Estes Logistics has acquired Pacific Northwest operator Key Trucking for an undisclosed sum.

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13 February
Todd Maiden

TL carrier Pamt posts Q4 loss

Truckload carrier Pamt Corp. booked a fifth consecutive net loss on Friday.

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Todd Maiden

TL stocks take wild ride into, out of Q4 earnings season

Truckload stocks have been on a wild ride after signs of an improving spot market were amplified by positive manufacturing data, and then slightly doused by the threat of AI upheaval.

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10 February
Todd Maiden

Saia awaits payoff on $2B investment

Less-than-truckload carrier Saia missed fourth-quarter expectations on Tuesday but said the recent period could mark the trough for margins.

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Todd Maiden

First look: Saia’s Q4 earnings

Less-than-truckload carrier Saia missed fourth-quarter expectations ahead of the market open on Tuesday.

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09 February
Todd Maiden

Radiant Logistics beats FQ2 expectations

Radiant Logistics beat fiscal second quarter expectations as customers are “growing increasingly bullish.”

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06 February
Todd Maiden

Shares of Hub Group tank on accounting error

An accounting error at Hub Group has placed its financial statements for the first three quarters of 2025 under review.

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Todd Maiden

Werner Enterprises restructuring one-way fleet

Werner Enterprises is taking steps to restore its one-way unit to profitability by reducing the fleet size and eliminating unprofitable freight.

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05 February
Todd Maiden

First look: Werner’s Q4 misses mark

Werner Enterprises has begun restructuring its one-way fleet, a move announced alongside the reporting of its fourth-quarter results, which fell short of expectations.

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Todd Maiden

XPO’s January tonnage bucks negative trend

XPO’s less-than-truckload tonnage was flat in January, breaking an 18-month stretch of declines.

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04 February
Todd Maiden

Allstates WorldCargo acquires customs broker Promptus

Allstates WorldCargo adds customs brokerage capabilities by acquiring Promptus.

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